All Forum Posts by: Brandon Plombon

This is a good deal if you have little/no deferred maintenance. $900 a month in rent and $35,000 purchase price (even if all paid for in cash). You could try to find a small local community bank within South Carolina that may lend on it. You might even be able to get all your cash back out of the deal if it appraises higher on an income approach. $8,000 net on $35,000 invested is 23% Cap. I personally would invest in this all day long.

I would echo the comments above. There is barely any wiggle room on this deal. This leaves very little margin for error and very minimal profit assuming all of your numbers are correct.